Correct. I doubt they can just give it to you at face value. Are there other employees that were incentivized with stock/options? Were there investment rounds?

Correct. I doubt they can just give it to you at face value. Are there other employees that were incentivized with stock/options? Were there investment rounds? Were you with the company from the beginning? As a CTO, you can be entitled to higher compensation (both cash and stock), but not special treatment.